The closest alternative to Mistral Small 3 is Mistral Medium 3.5 — comparable intelligence (29.9 vs —); for a cheaper option, gpt-oss-120b runs $0.037/M vs $0.050/M; and the best open-weight substitute is Kimi K3.
Mistral Medium 3.5 is the closest alternative to Mistral Small 3, with an Intelligence Index of 29.9 (Mistral Small 3 scores —) at $1.50 per million input tokens.
Yes — gpt-oss-120b costs $0.037 per million input tokens versus $0.050 for Mistral Small 3, while staying within ~8 points of its Intelligence Index.
Kimi K3 is the strongest open-weight alternative to Mistral Small 3 — downloadable from Hugging Face and self-hostable, scoring 57.1 on intelligence.